Plasticizers Market Procurement Intelligence Report | Plasticizers Price Trends, Plasticizers Suppliers and Procurement Insights Now Available from SpendEdge
LONDON--(BUSINESS WIRE)--Nov 5, 2019--
SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Plasticizers Market - Procurement Intelligence Report.
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Global Plasticizers Market Procurement Intelligence Report. (Graphic: Business Wire)
Stringency in the regulatory framework and the steep rise in the crude oil prices across the globe are the two antagonizing forces that will prevail in the plasticizers market during the forecast period. Failure to maintain absolute compliance with the regulations will not only invite costly litigations but will also tarnish the buyer’s brand image. These factors will render procurement complex and costly in the plasticizers market.
Investment opportunities will not wait even when the procurement scenario is complex. Do not fall behind figuring the market dynamics and get instant access to the expert’s recommended procurement strategies for the plasticizers market in the free sample of this report.
According to the forecasts, the plasticizers market will attain a spend growth of over USD 5 billion at a CAGR of over 5%. This spend growth will be contributed by the increasing demand from flexible PVC manufacturers and the lightweight automotive market.
What are the plasticizers price trends that are driving the overall price structure in the global plasticizers market?
Get a free demo of our web-based platform where to get instant and real-time insights on the price trends and procurement strategies that are being adopted by your competitors.
What are the scopes of optimizing procurement spend with these upward rising plasticizers price trends?
The scopes to optimize spend are ample and it will require strategic insights into the plasticizers suppliers market. Strategic selection of suppliers will not only fulfill the buyer’s delivery requirements but will also play a critical role in guiding the buyers to optimize their procurement spend. Suppliers who are known to adopt cost-optimizing measures pass on their profits to the buyers in the form of reduced product prices.
Engage with suppliers that assist in hedging
In the plasticizers market, buyers are advised to partner with suppliers who can assist in hedging by providing accurate demand and price forecasts. Hedging helps in reducing the risks associated with volatility in the prices of commodities.
Engage with nearshore suppliers
According to the plasticizers price trends, logistics expenditure constitutes about 30% of the total cost of plasticizers procurement, the majority of which is passed on to buyers. It is prudent for buyers to engage with nearshore suppliers to minimize such costs. Buyers should also factor in the volatile nature of plasticizers which necessitates shorter distance and duration of transportation. This helps in avoiding volume loss during transportation.
Take a fast but smart procurement decision in this market. Get a free sample of this plasticizers market procurement intelligence report to know about the price trends, information, and supplier information.
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS OTHER MANUFACTURING MANUFACTURING
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PUB: 11/05/2019 07:31 AM/DISC: 11/05/2019 07:31 AM